Saturday, October 13, 2012

Stock Market Technical Analysis for Next Week - October 15-19, 2012

During
regular trading
hours,
there
were many
stocks
that continued
to break
up to
the
upside.
These
stocks are
usually
going up
with
news.If
you are
looking
to day
trade
today,
you
might want
to
check out
the
following
stocks. I
usually
throw
these
on my
watch
list and
monitor with
resistance
&
support
levels.
Below
are a
list
of
stocks that I
am
watching for October 15,
2012.My Daily Trading Activities & Stocks to BuyEveryday- Membership Link

Stocks finished flat Friday, but dropped more than 2 percent across the board for the week, as ongoing worries over global growth trumped a better-than-expected earnings announcement from JPMorgan Chase.

All three major indexes logged their biggest weekly drop since the first week of June.

“If we break 1,420 [on the S&P], it’s going to raise some questions…simply on the cocktail napkins, we’re beginning to see some pressure building,” said Art Cashin, director of floor operations at UBS Financial Services.

Major U.S. Indexes

Last

Change

Today's % Change

1 Week % Change

YTD % Change

Dow

13328.85

2.46

0.02%

-2.07%

9.10%

NASDAQ

3044.11

-5.30

-0.17%

-2.94%

16.85%

S&P 500

1428.59

-4.25

-0.30%

-2.21%

13.60%

Russell 2000

823.09

-6.68

-0.81%

-2.35%

11.09%

CBOE VIX

16.14

0.55

3.53%

12.63%

-31.03%

The Dow Jones Industrial Average eked out a tiny gain of 2.46 points, or 0.02 percent, to close at 13,328.85.

The S&P 500 erased 4.25 points, or 0.30 percent, to end at 1,428.59. The Nasdaq slipped 5.30 points, or 0.17 percent, to finish at 3,044.11.

The CBOE Volatility Index, widely considered the best gauge of fear in the market, finished near 16.

For the week, the Dow slumped 2.7 percent, the S&P dropped 2.21 percent, and the Nasdaq tumbled 2.94 percent

Support for the SPX remains at 1425 and then 1400 with resistance at 1448 and then 1460.So
we
should
trade small
lot.Take a
look
all
1/5/15/60m
chart
if we
want
to trade
this
market.

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